Lgl Partners, LLC is a large advisory firm based in West Conshohocken. It manages $1.77 billion of regulatory assets for 400 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Florida, New York, and Pennsylvania.
Lgl Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Lgl Partners, LLC is $1.77 billion. The firm's AUM has grown by 1672% since the beginning of its operation, and $22.68 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Lgl Partners, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Lgl Partners is high net worth individuals with 76 clients and $1.7 billion of assets under management. Among the 6 most similar advisory firms, Lgl Partners has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.77 billion for 88 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Lgl Partners also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.
The company employs 24 people that are either part- or full-time employees. 54 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
William David Luterman has served as the Chief Investment Officer since 1 Jul 2011 and Keith Mitchell Bloomfield is the Chief Executive Officer of Lgl Partners, LLC family office. Kathleen Elizabeth Keating joined the executive team most recently as the Chief Compliance Officer.
The principal office where Lgl Partners, LLC performs its advisory services is located at One Tower Bridge, West Conshohocken, PA 19428, which is also the mailing address of the firm. An additional office of the firm is in West Palm Beach, FL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 610-545-6100 or by fax 610-545-6101. The normal business hours are 8am - 6pm on Monday - Friday. You can find more information about the New York firm at lglpartners.com and its LinkedIn profile.